3


A benchmarking comparison of the carbon disclosure results, derived from the CDP disclosures of the respondents worldwide, is useful for the purpose of assessing where Canada’s disclosure results rank relative to our international counterparts.


Global Disclosure Results Show Wide Variation in Results Across Selected Disclosure Indicators


Global carbon disclosure results can be assessed by comparing the percentage scores for each country’s respondents for selected disclosure indicators. The CDP has compiled the scores for 12 disclosure indicators for 27 national or regional samples, and for five global sectors.19


(See Table 4.)


This table outlines some of the key findings from CDP 2010 by geography or industry dataset.20


One observation from scanning the global key trends snapshot is that while the disclosure indicators reveal that respondents in each country are doing well in some categories, there are others where improvements could be made. As might be expected, each national or regional sample has its own unique range of scores.


For the Canada 200 respondents, the percentage scores range from a high of 73 per cent of respondents21


reporting


Benchmarking Canada’s Disclosure Results


their company’s response to climate change in mainstream annual filings and 72 per cent of respondents with board- level responsibility for climate change, to low scores for independent verification of their Scope 1 (28 per cent) and Scope 2 (21 per cent) emissions data.


Canada is not alone in showing wide variation in scoring across the selected indicators. By comparison, Australian respondents score well in the percentages of respondents reporting board-level responsibility for climate change (83 per cent) and for reporting their company’s response to climate change in mainstream annual filings and Corporate Sustainability and Reporting reports (88 per cent), to a low of 40 per cent of respondents reporting emissions reduction targets.


For the U.S. S&P 500 respondents, 80 per cent report their responses to climate change in mainstream filings, and 77 per cent of the respondents are taking action to reduce their emissions. Less than a third of the U.S. respondents independently verify their emissions data (29 and 32 per cent for Scope 1 and Scope 2 emissions, respectively).


Clearly, no one country or region has as yet achieved high disclosure ratings in all disclosure categories across the board.


A benchmarking comparison is useful for the purpose of assessing where Canada’s disclosure results rank relative to our international counterparts’.


19 The benchmarking findings are based on information that is assumed to be reliable, regardless of the country of origin or the size of the reporting companies.


20 For some samples, the number of companies included in a table may be lower than the original sample size due to takeovers, mergers, and acquisitions.


21 Differences in the numerical statistics between the information provided by CDP London in Table 4 and the values reported in Chapter 1 are due to late responses received after the cut-off date of July 5, 2010.


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